GPK Options History — December 2021

In December 2021, GPK traded between $18.58 and $20.50. ATM implied volatility averaged 28.7%, placing in the 29.9% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 0.9% (HV 20d: 27.8%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 4.30.

Notable Days

  • 2021-12-16: Highest Volume — 2,208 contracts
  • 2021-12-20: Largest IV spike — 46.9% change
  • 2021-12-03: Highest IV Rank — 50.7%
  • 2021-12-03: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.68$18.58$20.50$19.50$19.55
Max Pain$19.55$17.50$20.00$17.50$20.00
ATM IV28.7%21.6%38.4%33.7%23.1%
Expected Move8.0%6.2%11.0%9.7%6.6%
HV 20d27.8%23.5%35.0%24.6%30.5%
HV 60d24.3%22.2%27.1%22.2%27.0%
IV Rank29.9%13.9%50.7%40.4%17.4%
IV Percentile62.6%7.5%96.8%93.7%21.0%
Term Structure1.4%-5.3%5.7%-3.5%4.3%
VWIV28.6%21.5%45.6%34.7%23.0%
Skew 25d1.4%-12.8%8.2%-12.8%-2.1%
Skew 10d1.1%-22.5%10.8%-22.5%-2.7%
Call IV 25d27.9%20.6%41.5%38.6%22.9%
Put IV 25d29.2%17.8%44.8%25.7%20.8%
Bid-Ask Spread %66.1817.2691.5879.5449.62
Gamma HHI0.510.290.900.580.31
Net GEX421.9K26.7K2.0M320.2K110.1K
Net DEX-1.9M-4.7M1.0M-2.0M-92.0K
Net VEX-22.8K-27.7K-18.9K-23.4K-21.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.300.709.085.046.52
Total Volume1,364.1821,0042,2081,1421,038
Total OI9,137.0916,52411,0989,8807,700

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-12-01$19.50$17.5033.7%9.7%24.6%40.4%34.7%-12.8%-3.5%320.2K-2.0M-23.4K5.0479.541899537,7712,109
2021-12-02$19.99$17.5031.9%9.1%25.9%36.3%31.5%3.9%-0.6%394.8K-2.9M-24.3K9.0891.581059537,9832,109
2021-12-03$20.06$17.5038.4%11.0%25.1%50.7%45.6%3.4%-5.3%357.4K-3.7M-27.7K7.8785.951219527,9732,109
2021-12-06$20.40$17.5035.0%8.9%25.1%43.1%28.9%5.2%1.3%420.8K-4.3M-25.8K0.7086.921,2328687,9422,110
2021-12-07$20.50$20.0031.2%8.0%25.1%34.9%28.1%2.7%3.1%464.6K-4.7M-26.6K7.0380.041258798,2692,113
2021-12-08$20.43$20.0027.7%7.9%25.1%27.8%27.3%3.5%-1.7%532.9K-4.3M-25.1K5.3581.641648788,2722,109
2021-12-09$20.20$20.0027.7%8.0%24.8%27.7%30.3%1.0%2.0%552.8K-3.7M-24.3K5.9279.671508888,2912,110
2021-12-10$20.18$20.0026.4%7.4%23.9%24.7%28.7%3.4%3.8%642.4K-3.6M-23.7K5.9573.531508928,2992,120
2021-12-13$20.08$20.0029.3%7.8%23.9%31.5%28.9%2.2%2.3%754.4K-3.2M-22.9K4.8141.981889058,2992,120
2021-12-14$19.77$20.0036.1%8.1%23.5%46.9%29.3%0.4%3.5%621.8K-2.3M-21.8K1.0378.279199458,3372,153
2021-12-15$19.98$20.0028.5%8.2%23.6%29.6%30.2%2.2%1.4%755.1K-3.2M-24.6K1.1982.587969458,4142,200
2021-12-16$20.23$20.0027.5%7.9%24.2%27.2%28.0%3.0%-3.0%876.9K-4.6M-25.0K0.7683.871,2589508,5072,200
2021-12-17$19.92$20.0024.3%7.0%23.7%20.1%25.9%8.2%-2.9%2.0M-2.9M-22.0K1.0491.149259628,8932,205
2021-12-20$18.63$20.0035.8%10.3%33.0%46.0%36.1%6.3%1.5%41.8K836.7K-18.9K3.8473.993741,4374,5841,940
2021-12-21$18.86$20.0027.2%7.8%32.5%26.6%27.6%5.8%3.8%42.9K674.0K-20.6K2.3132.523979164,8702,297
2021-12-22$18.58$20.0024.2%6.9%32.3%19.9%24.5%-10.4%1.0%26.7K1.0M-19.2K2.2778.614039164,8812,315
2021-12-23$18.70$20.0029.7%8.5%32.6%32.3%25.2%3.2%2.9%30.7K991.3K-18.9K2.3922.623839164,9032,315
2021-12-27$19.06$20.0025.9%7.4%33.8%23.7%26.0%3.8%2.0%47.4K742.8K-19.5K1.0082.919179144,9032,315
2021-12-28$19.49$20.0024.4%7.0%35.0%20.3%24.6%3.6%4.0%101.1K-121.0K-22.4K7.2929.961259115,3262,316
2021-12-29$19.45$20.0022.6%6.5%32.4%16.1%22.5%-2.9%5.3%103.2K-54.8K-21.8K6.6717.261359005,3252,318
2021-12-30$19.45$20.0021.6%6.2%31.8%13.9%21.5%-2.8%5.7%104.9K-9.5K-21.9K6.5231.871389005,3632,328
2021-12-31$19.55$20.0023.1%6.6%30.5%17.4%23.0%-2.1%4.3%110.1K-92.0K-21.6K6.5249.621389005,3722,328